Earning too much for a Roth IRA? There’s a workaround. Let’s explore how high-income earners can still take advantage of Roth accounts. Key Points: Introduction: Hey, high rollers! If you’re raking in the big bucks, you might think a Roth IRA is off-limits. But hold on—there’s more to the story. Let’s dive in. Roth IRA […]
Backdoor Roth IRA
Asset Allocation in Roth Conversions: The Cherry-Picking Strategy
Asset Allocation in Roth Conversions: The Cherry-Picking Strategy
Your Roth conversion could be a goldmine—or a landmine. Let’s explore the strategy of converting multiple asset classes into multiple Roth IRAs. Key Points: Introduction: Hey there, future retirees! You’ve probably heard about Roth conversions, but have you ever thought about asset allocation while doing it? It’s a game-changer, and we’re about to tell you […]
Recharacterizing Your Roth: The Pro-Rata Rule Unveiled
Recharacterizing Your Roth: The Pro-Rata Rule Unveiled
Think you can dodge taxes with Roth recharacterization? Think again. Let’s unveil the complexities of the pro-rata rule. Key Points: Introduction: Hey, financial aficionados! Ever thought about recharacterizing your Roth IRA contributions? It sounds like a simple “undo” button for your Roth conversion, but it’s not that straightforward. Let’s dive in and demystify the pro-rata […]
What a Backdoor Roth IRA Is & How to Use It
What a Backdoor Roth IRA Is & How to Use It
Key Points Introduction Welcome to our comprehensive guide on the topic of “What a Backdoor Roth IRA Is & How to Use It.” In this article, we will explore the concept of a Backdoor Roth IRA and delve into the key aspects you need to understand in order to effectively utilize this strategy. A Backdoor […]